State Lawmakers Approve Pension Changes

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File photo(Photo: TaxCredits.net)
File photo(Photo: TaxCredits.net)

Starting in January, some Ohio teachers, police officers, firefighters, and other government workers who retire will face higher costs and lower benefits than they’ve been expecting. That’s because of action yesterday by Ohio lawmakers, who gave final approval to bills that will phase in big changes in Ohio’s five pension systems.

Click the play button above for a full report from Ohio Public Radio’s Bill Cohen.

Comments
  • Lynn

    Glad to see a bipartisan effort on the passage of this bill. Would have much preferred to see it over 2 years ago when OPERS proposed very similar ideas, but the legislature decided to spend hundreds of thousand of dollars to investigate the issue before taking any action. In the meantime, OPERS was losing nearly a million dollars per day. Hmmm…about $800,000,000 down the drain. Hope the legislators aren’t spending too much time congratulating themselves.